How much does an audit cost?

Audit prices depend on several factors. We have examined prices of different variations and what influences them and pointed out what you need to pay attention to in order to get the best value for your money.

Audit for small to medium enterprizes

R15,000 – R50,000

For smaller businesses (up to 200 employees) with straightforward financials, the audit costs are relatively lower than for bigger businesses. These companies usually have simpler transactions and lower revenue volumes. These figures can vary based on additional factors like the selected audit firm, the company’s financial health, and specific requirements such as the inclusion of internal controls assessment in the audit process. Audit for small to medium enterprizes costs range between R15,000 and R50,000 with an average of R25,000.

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Audit for medium-sized companies

R50,000 – R200,000

The cost of an audit in South Africa can vary significantly depending on several factors. On average, the price range can be anywhere from a few thousand to several hundred thousand Rand. Medium-sized businesses (200-500 employees) often have more complex operations and might operate in industries with more stringent regulatory oversight, leading to higher audit fees. For an Audit for medium-sized companies, expect to pay between R50,000 and R200,000.

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Audit for large corporations

R200,000 – R400,000

Large corporations (over 500 employees), especially those listed on stock exchanges or those in heavily regulated sectors like finance and insurance, can have audit costs that substantially exceed R200,000. The complexity of their financial structures, the volume of transactions, and the higher risks associated with public interest entities contribute to these costs. The cost of an Audit for large corporations typically runs from R200,000 to R400,000, averaging at R250,000.

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Recent jobs for audit

Audit

City (or suburb) where you need the service: Welkom
Type of company: Non-profit organization (NPO)
Number of employees: 16-50

Financial Statements Audit Expenses and Disbursements: Ensure expenses are legitimate, properly authorized, and recorded in the correct period. Review supporting documentation for major expenses. Assets: Conduct physical verification of fixed assets and inventories. Evaluate the design and implementation of internal controls over financial reporting.

Audit

City (or suburb) where you need the service: Johannesburg
Type of company: Public company (Ltd)
Number of employees: 5-15

Internal audit

Audit

City (or suburb) where you need the service: Pretoria North, Pretoria
Type of company: State owned company
Number of employees: 16-50

We are a primary school and we request an auditor. please send us a quotation.

Audit

City (or suburb) where you need the service: Pretoria Central, Pretoria
Type of company: Private company (Pty)
Number of employees: More than 200

The Health Professions Council of South Africa has about Symantec Endpoint Protection Licenses to protect personal computers and servers against cyber-attacks. These licenses are divided into two licenses( and ) and both with different expiry dates). The current renewal focuses on the licenses which are expiring soon.

Audit

City (or suburb) where you need the service: Polokwane
Type of company: Non-profit organization (NPO)
Number of employees: 5-15

I hope this message finds you well. My name is Kholofelo Chipu from , a non-profit dedicated to empowering South Africa's youth with access to good health and development opportunities. Due to our limited budget, we are unable to finance an independent review of our financial records. We are seeking your help in conducting this review pro bono. In return, we are happy to acknowledge your generous support in our communications . Thank you for considering our request. I look forward to the possibility of discussing this further.

Audit

City (or suburb) where you need the service: Cape Town
Type of company: Non-profit organization (NPO)
Number of employees: More than 200

We are a Non-Profit Organization, rendering Home and Community Based Services in the Northern and Tygerberg Sub-Districts of the Western Cape. We receive funding from Department of Health and Wellness, Health Foundation and NACOSA for various Projects. We would like to request that our Annual Financial Statements from 01 April to 31 March be audited. Independant auditors report will be required. Statement of Financial Position, Statement of Comprehensive Income, Changes in Equity, Cash Flows, Accounting Policies and Notes to the Annual Financial Statements.

Audit

City (or suburb) where you need the service: Bloemfontein Central, Bloemfontein
Type of company: Private company (Pty)
Number of employees: Less than 5

Scope of Work The appointed service provider will be responsible for the following but not limited: 1. Correction of prior periods differences on balance sheet items. 2. Prior periods income tax & deferred tax reconciliations. 3. Preparation of historic tax returns. 4. Provision of technical opinion on historic VAT. 5. Minerals & petroleum royalties historic reconciliations. 6. Accounting technical opinion on the fair value of loans to and from group entities, contingent liabilities, and intangible assets. 7. Preparation of annual financial statements for the following entities with supporting schedules: o Alexkor SOC Ltd Group o Alexkor Rehabilitation Trust o Alexkor RMC JV 8. Compilation of irregular expenditure reports for National Treasury. 9. Review & update of the Debtors Management Policy to align with PFMA. 10. Review & update of the Asset Management Policies of the Alexkor Group. 11. Preparation of Expected Credit Loss (ECL) calculations & impairment assessments. 12. Review & update of internal policy on ECL with a clear methodology. 13. Development of Standard Operating Procedures (SOPs) Finance unit.